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Used Car Prices Spike As Pandemic Fuels Buying Frenzy
Looking to buy a used car? Be prepared to pay more than you thought.
09 Apr 2021, 12:32 PM IST
Looking to buy a used car? Be prepared to pay more than you thought.Covid-19 is making people choose personal mobility. But job and salary cuts mean Indians have also reduced spending. Sales of new cars at dealerships, measured by registrations, tumbled nearly 27% over a year earlier in 2020-21 fiscal.Used car sales, however, are likely to remain at FY20’s level of 4-4.5 million units, according to Crisil. That’s a feat given that th...
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